Why Wyoming

For a decade running, Wyoming has ranked #1 for business-friendly taxation on Tax Foundation’s annual State Business Tax Climate Index.

Wyoming does not charge state tax on personal or corporate income. And its sales tax, property tax and inheritance tax are among the lowest in the U.S. In particular, property taxes are based on assessed value. The Teton County rate is 1.2% of the property’s assessed value while the Town of Jackson rate is 0.8%.

In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years by establishing a dynasty trust. As a result, multiple generations can make use of and enjoy the property without having to pay estate taxes or worse, having to sell the property in order to pay the taxes.

No state income tax

No corporate tax

No estate tax

No capital gains tax

No trust tax

Low sales tax

Low property tax

Low inheritance tax

No state gift tax: a Wyoming property owner can gift that real estate to their heirs without paying a state gift tax. No tax on out-of-state retirement income. Second-homeowners may have retirement income from another state; Wyoming doesn’t tax retirement income earned beyond its borders. No excise sales taxes. A tank of gas or bag of groceries are not burdened by state tax.

No intangible taxes: Wyoming does not tax financial assets like stocks and bonds. No tax on the sale of real estate.

No tax on mineral ownership.